(1A)
If the Commonwealth continues to act as trustee in respect of the
property, subject to its obligations as trustee, the
Commonwealth:

(a) in the case of money—must credit the amount of the
money to a Special Account (within the meaning of section 5 of
the Financial Management and Accountability Act 1997 );
or

(b) otherwise:

(i) may sell or dispose of the property as it thinks fit;
and

(ii) if the Commonwealth does so—must credit the amount
of the proceeds to a Special Account (within the meaning of
section 5 of the Financial Management and Accountability
Act 1997 ).

Note: ASIC
may, for and on behalf of the Commonwealth, perform all the duties
and exercise all the powers of the Commonwealth as trustee in
relation to property held on trust by the Commonwealth (see
subsection 8(6) of the ASIC Act).